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EIL wins consultancy contract for Mangolia refinery

Press Trust of India  |  Greater Noida (UP) 

?Ltd has won a project management consultancy contract from Mangolia for a new 1.5 million tonnes refinery that the country is setting up.

Ltd and the through signed a Memorandum of Understanding (MoU) Sunday on the sidelines of the Petrotech conference here in the outskirts of

said had extended a USD 1 billion line of credit to Mangolia during the visit of in 2015. The refinery project is being built using that line of credit, he said.

"The marks embracing new height in bilateral relations," Pradhan added.

The MoU is for for construction of an in by EIL. The is in process to set-up 1.5 million tonnes per in province, under Line of Credit (LoC) extended by India.

The EIL has carried out Detailed Feasibility Study for the project, he said, adding it has subsequently been pre-qualified and shortlisted for providing to Mongol Refinery for the project.

The MoU was signed by Altantsetseg Dashdavaa, Executive Director, Mongol Refinery and R K Sabharwal, (Commercial), EIL.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, February 10 2019. 16:35 IST